Money Magazine: Labcorp top ten Best Employers

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Anonymous said:
Very well put. Having worked in the laboratory, most of the poorly paid employees are Filipino or Spanish. It's no different than working in the crop fields. For these grunts, making $9.50 an hour with a 10 to 17% differential is like winning the lotto. Most don't even have GED's or High School Diplomas. If clients or sales wonder why there are Brother 5 or 7's (its been a while, so I don't quite remember) corrected reports, discarded specimens, cancellations, or the other slew of problems that come from a high-production environment run by complete idiots, that's a good place to start.

Best company is a matter of perspective. McDonald's is on the same list - ask a 17 year old making $8.00 an hour if this makes a company the best to work for...I'm sure they'll agree. Also, it's not just about the compensation. For those of us with talent, education, and experience, we follow Maslow's Theory of Hierarchy. Being well-compensated is important, no doubt, but being a valued and respected employee ranks higher on the pyramid. LabCorp has neither good compensation nor a good organizational culture. Its rotten across the board.

DK isn't educated nor experienced in highly complex financial markets. According to the last financial quarter, LabCorp returned a 26% profit. That's all fine and dandy, but where is the growth? He was only able to squeeze that by RIFing employees and shutting down operations. He even admitted that TOTAL volume fell 2.1%. Eventually the orange is squeezed to the point that it has no juice left. So what does he do to hide the losses that are to come from decreased accessions and low-profit testing? Let's buy Genzyme. Any losses or charges during the forthcoming quarters can be hidden under the guise of "costs of reorganization" due to the acquisition. Who does he think he's fooling? For now, he may have investors duped (Barclay's and Merrill Lynch), but for how long?

Then he has the nerve to tell Wells Fargo that LabCorp can differentiate itself in Anatomic Pathology because they have "specialized pathologists". What a load of crap. I've seen that side of the lab, those slides are stacked so high and there is such a backlog in reading cases that these pathologists are not practicing specialization. Then he revises the 2010 guidance to increase the percentage of return from 2.5% - 4.5% to 4.5% to 5.5%. How can you increase the outlook on your profit guidance when you admit that overall volume is down?Quit feeding me shit, DK. Its starting to taste bad.

Like I said, its a matter of perspective. Ask a grunt employee if its the best - you know the answer. Ask anyone with a brain, they'll give you a different answer.
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Hey, it's better than being trapped in a mine for 69 days!!
 


















For this longtime LCA IT employee, if Lidia/Sureah/Abraham would face reality and fire Peter Graham, a no good worthless RM manager/bully/micromanager I would agree with the article.
 






OMG, that is the funniest thing I've ever heard in my life. They acquire the best little companys and destroy them. They lay-off an entire company without the blink of an eye, with no severence!!! you have to sign a VERY strict non-compete clause to get 2 weeks severence. If you violate your agreement, they do pursue legal action against you and your new employer. I've seen it. The benefits are worst in the industry. When you travel for work, you get $5 for breakfast. hahahahah. Hope you don't have a large territory and have to travel, because that bottle of water and banana for breakfast will put you over the limit.
Labcorp destroys good companies. thats about it.
 






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